Once in a while, Wall St. screws up. They get so greedy shorting a stock that they forget how it can blow up in their faces. $GME $AMC were some of the eg. of Wall St. short positions blowing up.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in breaking the downtrend. Shorts had many chances to cover in the past few weeks. But guess what instead of taking their profits, Wall St. got greedy and doubled down. Now in the past few weeks, retail interest has grown, social media hype has increased, the news cycle has changed, and the broader health care sector is catching a bid. Demand for the stock is growing and this is very problematic for shorts. The cost to borrow shares for shorting is going through the roof, currently at 92% interest rate.
If this demand for shares continues we will be seeing parabolic moves in the stock in addition to 30% increase in the past 2 days. So get ready this is going to create headlines and I think the move up is just starting.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in breaking the downtrend. Shorts had many chances to cover in the past few weeks. But guess what instead of taking their profits, Wall St. got greedy and doubled down. Now in the past few weeks, retail interest has grown, social media hype has increased, the news cycle has changed, and the broader health care sector is catching a bid. Demand for the stock is growing and this is very problematic for shorts. The cost to borrow shares for shorting is going through the roof, currently at 92% interest rate.
If this demand for shares continues we will be seeing parabolic moves in the stock in addition to 30% increase in the past 2 days. So get ready this is going to create headlines and I think the move up is just starting.